Mitcham Industries (MIND) Misses Q4 EPS by 40c

Mitcham Industries (NASDAQ: MIND) reported Q4 EPS of ($0.83), $0.40 worse than the analyst estimate of ($0.43). Revenue for the quarter came in at $12.5 million versus the consensus estimate of $12.62 million.

Total revenues for the fourth quarter of fiscal 2017 were $12.5 million compared to $11.4 million in the fourth quarter of fiscal 2016. Revenues from the Equipment Manufacturing and Sales segment increased slightly to $6.9 million in the fourth quarter, compared to $6.8 million in the same period last year. Revenues from the Equipment Leasing segment were $5.7 million in the fourth quarter compared to $4.6 million in the same period last year. The Company reported a net loss available to common shareholders of $10.0 million, or $(0.83) per share, in the fourth quarter of fiscal 2017 compared to a net loss of $26.8 million, or $(2.23) per share, in the fourth quarter of fiscal 2016.

For earnings history and earnings-related data on Mitcham Industries (MIND) click here.

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